Zcash ZEC/USD is trading at 514. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected near the level 495, from which it is expected to rebound and attempt to continue growth with a target above the level of 620. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Zcash forecast & analysis ZEC/USD on December 20, 2017
Earlier, a weak signal was received for buy of Zcash cryptocurrency due to the crossing of signal lines at level 305. The abolition of the variant of Zcash quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 390, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with a breakdown of the level of 570.
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